Las Vegas mortgage-delinquency rate dropping
Las Vegas’ mortgage-delinquency rate is sliding and on par with the national average. But its share of deeply late borrowers is higher than the country’s, a new report shows.
Some 4.6 percent of mortgage holders in the Las Vegas area were at least 30 days late on their payments in July, down from 5.9 percent a year earlier, according to CoreLogic.
The rate nationally also was 4.6 percent in July, down from 5.5 percent a year earlier.
Locally, the “serious delinquency” rate – or share of borrowers at least 90 days late – was 2.5 percent in July, down from 3.6 percent year-over-year.
Nationally, 1.9 percent of mortgages were in serious delinquency in July, down from 2.5 percent a year earlier, CoreLogic reported.
Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.
